Blucora CEO Buys $32,739 in Stock (BCOR)
Blucora (NASDAQ:BCOR) CEO William J. Ruckelshaus bought 2,100 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The shares were purchased at an average price of $15.59 per share, for a total transaction of $32,739.00. Following the completion of the transaction, the chief executive officer now directly owns 168,613 shares in the company, valued at approximately $2,628,677. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Blucora (NASDAQ:BCOR) traded up 1.58% during mid-day trading on Thursday, hitting $15.765. 477,559 shares of the company’s stock traded hands. Blucora has a 52 week low of $15.28 and a 52 week high of $30.12. The stock’s 50-day moving average is $17.01 and its 200-day moving average is $18.98. The company has a market cap of $648.3 million and a price-to-earnings ratio of 25.36.
Blucora (NASDAQ:BCOR) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.07. The company had revenue of $141.60 million for the quarter, compared to the consensus estimate of $139.66 million. During the same quarter last year, the company posted $0.58 earnings per share. Blucora’s revenue was up 20.8% compared to the same quarter last year. On average, analysts predict that Blucora will post $1.91 earnings per share for the current fiscal year.
A number of research firms have recently commented on BCOR. Analysts at Zacks downgraded shares of Blucora from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $14.90 price target on the stock. Separately, analysts at Benchmark Co. cut their price target on shares of Blucora from $28.00 to $27.00 in a research note on Friday, August 8th. Finally, analysts at Wedbush cut their price target on shares of Blucora from $24.00 to $21.00 in a research note on Friday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. Blucora currently has a consensus rating of “Hold” and a consensus target price of $21.23.
Blucora, Inc, formerly InfoSpace, Inc, is a provider of online solutions for consumers and business partners.
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